If this 30 minute triangle breaks North we may very well breach $10K tonight. If not tonight, I think we will all wake up to a resolution one way or the other. You already know which way I'm leaning. :0)
I think it may be time to go poke the Bears in the butt again so we can get out of this triangle. Excuse me.....
When this breaks North the minimum target is about $10,400. 10-4 Do you copy? BBS out!
IF this triangle is valid there should be one more leg down to the bottom of the triangle (Point D) and then prices should climb back out of the top. Is this the setup for $10K plus? Could be. Problem is, I don't know exactly where the bottom of the triangle will hit. We can guess but it's only a guess. If one were to trade this they might try waiting for the...
Hello my fellow Bitcoinistas! We still have a several hours left in this week but I'm going to go ahead and post my weekly update for Bitcoin. For those of you following my work you are already very familiar with this chart. You know when we hit bottom. You know when we broke out of the large cup and handle. And you know when the 20/40 weekly MA crossed. You...
Good morning my fellow Bitcoinistas! As a write this post there is a special on Good Morning America talking about Bitcoin, Facebook, etc. etc. etc. The Winklefloss twins are on there saying that at one point they were trying to buy up to 1% of all Bitcoin etc. etc. etc. Their "Ah ha" moment with Bitcoin and why they started Gemni etc. This ties in perfectly...
Here's another way to look at the current situation. I've been looking for a future breakout. Maybe it's already happening.... Good luck!
If the shorts continue to get squeezed it could add a lot of fuel to the Bull rally. If this daily chart is a valid H&S pattern and it breaks the neckline South watch out!
OK, call me paranoid, but anybody that has followed me for more than a minute knows I call the patterns early. I call the breaks early. I called the bottom early. I tend to panic early. Now, that being said, WTF is going on with the Bitcoin shorts the past few days or more? The Bitcoin price keeps plowing North but the short positions continue to climb. ...
OK, call me paranoid, but anybody that has followed me for more than a minute knows I call the patterns early. I call the breaks early. I called the bottom early. I tend to panic early. Now, that being said, WTF is going on with the Bitcoin shorts the past few days or more? The Bitcoin price keeps raging North but the short positions continue to climb. What?...
I was going to post something earlier but why bother? Bitcoin is doing what it does and I like it. How's your ass Bears? Your time is coming to shine, but not yet....... Still long.
Hello my fellow Bitcoinistas! This morning was very interesting. The Bears keep shorting and Bitcoin keeps moving higher. It doesn't make sense but it is what it is I suppose. I noticed another pattern that may be of interest if it plays out. I see another large Cup and Handle pattern that looks like it has already broken North. If so, the minimum near term...
WTF? The shorts are selling their butts off but Bitcoin keeps climbing? They can't hold it back much longer.
I think the Bitcoin Shorts are trying to complete the classic "Cup and Sausage" pattern. You can finish drawing the rest of the chart because I got in trouble with the moderators the last time I posted one of these patterns. lol BBS Out!
Good Morning my fellow Bicoinistas! For those of you who follow my posts you know I have been watching and posting on the Weekly progress of Bitcoin for some time. A major indicator on the weekly chart is the fact that Bitcoin made the 20/40 Week moving average cross on June 2, 2019 and the gap on that cross continues to expand and the bitcoin price continues to...
It's very possible.....
Please be advised that when I buy from you the Bitcoin you are selling short I have NO intention of selling it back to you when it comes time to cover. I plan to take it off the Exchange and squirrel it away in my offline wallet. It won't be coming back until the end of the year. If then. Just giving you heads up. Does that make you want to lever up and short...
Hello my fellow Bitcoinistas! This fight has been epic. We take a few hundred, we give up a few hundred, back and forth, back and forth. A real fight. I call the post "The Last Time" because I think we are quickly approaching a major decision point. As you can see on this daily chart the price is being forced down toward the rising multi-year baby blue...